For my master thesis I am studying the effect of certain individual characteristics, such as financial literacy, on the probability of using a fintech. My dependent variable is a continuous variable between 0 and 1, as respondents were ask to self asses what the probability of them adopting a new technology would be.
I have run my fractional outcomes' regression (fracreg logit) on Stata and calculated the marginal affects (dydx). I am now writing my results section and a few questions have come up. I have researched online and from what I can tell there is not a lot on fractional outcomes regression that has been simplified enough for laymen to read.
My questions are the following:
In a fractional outcomes logistic regression, do my independent variables have to be transformed to be between 0 and 1 before including them in the regression? - I have found mixed indications of this online
How do I check if my fractional regression is robust? I have read about Quasi-Maximum likelihood estimation test but I'm not sure if it is correct to test the robustness, or if there are other methods.
Are there any assumptions or steps in my methodology that I should include? I have checked variables for multicollinearity, any other important tests or steps in my process I should look at?
I have research quite a bit and but since it seems like Fractional Outcomes regression is not as established information is mixed and not always clear.